July 9 Li Jingyue BTC intraday analysis

Yesterday, the US-Iran situation escalated again, with a peace that lasted less than 20 days broken, and conflict erupting once more. The blonde-haired man also used this to push oil prices up again. Yesterday, I reminded brothers that crude oil could be bullish. Although the Fed's meeting minutes early this morning kept interest rates unchanged, it is worth noting that due to the impact of the US-Iran situation, inflation has expanded again, and interest rate hikes are back on the table.

From the recent chart, we can see that after BTC failed to break higher, it has been declining stepwise from the 64700 high, with multiple rebounds meeting resistance and highs continuously moving lower, forming a typical bearish trend structure. The current price is oscillating around 61700. With the MACD indicator lines continuing downward and the green bars expanding, I believe that all current signals indicate sufficient bearish momentum, while the rebound strength is relatively weak, with no stabilization or reversal signals. However, we still need to be wary of sudden positive news forcing a pullback.

Jingyue's main strategy remains to go short from highs in line with the trend. On a rebound to 62200-62400, directly open short positions in batches. The short-term target is first to look at 61000. If it breaks, continue to look down to the strong support at 60000 $ETH $BTC #特朗普宣布美伊停火结束